We'll never claim to be fair and
balanced, just honest and trustworthy
November 26, 2007
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You Tell Me It's Time to Flog Our
"Government"
The collapse of the dollar might not have mattered as much if the US had not over many years of incompetent GOP missrule and corruption become a net debtor nation. US consumers are utterly dependent upon “cheap” merchandise from abroad; a falling dollar is catastrophic. So far, CNN and the US media seem to be treating this like a novelty story, a “kicker” at the end of the real news. Like the Democrats who thought they could “play” Bush’s game and win, they just don’t get it. The average American may not “get it” but he will most surely pay for it. Like almost every stupid thing that has happened to the US since World War II, the GOP is mostly to blame. But Democrats should be flogged for letting them get away with it. But Iraq has changed all that.Bush is primarily to blame for having bankrupted the US by way of vainglorious and fraudulent adventures in Iraq. Though Democrats were, at one time, villified as “big spending liberals”, it is the GOP that has run up the highest debts and deficits. The world might have tolerated our many follies as long as they could pass along those bucks received for the goods sold the US. Alas, it was all, literally, a “confidence” game, in which all the world has lost confidence. War is a racket fought by the masses for privileged elites, big corporations, and venal politicians like Bush. Bush’s quagmire is fought for the benefit of no-bid contractors like Halliburton and Blackwater and financed by America’s working poor and middle classes who pay for the war —with their lives abroad and with their jobs, their retirement prospects, and their access to health care at home. Bush’s base —the nation’s elite, his corporate sponsors, and the so-called defense industry —have paid nothing, risked nothing! Rather —they feed at the trough. The upper one percent of the population has gotten several tax cuts while the big oil companies report record profits rising concurrently with higher prices at the pump.
There are big profits in the death business. Go to Texas and ask the CEO at DynCorp.
Money is not the soiled and over-designed scraps of paper that we carry around and pass off in exchange for “things”. Money is, at last, mere faith. China, especially, had “faith” that their confidence in the almighty buck would be repaid by US willingness to buy all sorts of cheap Chinese crap at Wal-Mart and other blights on the American urban landscape. The Chinese would get it all back as long as the rest of the world was willing to wink and nod. The result is that Shanghai and other cities have out-Americaed, America. They have taller and uglier buildings and worse traffic amid the worst air pollution on the planet. Houston and LA look green by comparison. China is a ecological blight on the planet. The lesson one hopes China has learned is that there is price to be paid for having partnered with Satan. Wal-Mart makes a killing putting people out of work, depressing local economies, and lowering wages but it is globalization –an unholy alliance with GOP “trickle down” policies –that spawned Wal-Mart and sounded a death knell for the futures of American workers. Most recently, Wal-Mart’s Chinese imports have displaced nearly 200,000 US jobs
The Wal-Mart effect on US workers and manufacturing is typified by the effects seen in clothing –low-cost goods with a hidden higher price: lower wages, lost jobs. Underlying every sector, however, are unsupportable US trade deficits which benefit American consumers but only so long as they have jobs themselves. As has been the trend at least since the regime of Ronald Reagan, manufacturing suffers most as Wal-Mart grows more intrusive, exploiting the trade deficit with its own undervalued currency. In effect, American consumers have financed China’s economic boom. Of some 133,000 manufacturing jobs lost in the US, sixty-eight percent were the direct result of Wal-Mart’s “partnership” with China. The effect is devastating to US workers and the US economy overall. Manufacturing jobs, after all, have generally paid higher wages and provided better benefits. The US-China trade deficits amount to more than $1 trillion in US Treasury bills and growing. It is fair to say that China has done this deliberately to rehabilitate its own economy on US backs. It has had the effect of lowering the cost of its exports to the United States and other countries.
What a foolhardy game of brinkmanship this has become! It is tempting to write that China has more to lose by a collapsing buck than does the US. Certainly Bush concluded thus as he parked the US Fifth Fleet in the Persian Gulf, where it is tracked undetected by Chinese subs. Money is whatever people will accept as payment for goods and services. As long as the rest of the world was confident that they could pass along their bucks or exchange them equitably, the US was not overly concerned about “fundamentals”. I am now told in Europe that the strength of the dollar abroad is inexorably linked to Bush’s credibility abroad. We are, therefore, screwed. Bush has no credibility. And most Americans don’t have the luxury of demanding that they be paid in some other currency. Outraged
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Doin' the Vatican Rag There's a new boss in town and he's just carried out a hit on the
director of the Sistine Chapel. Yes, Pope Ratzinger has made another
move to drag the Catholic Church back to the 17th century. Pope
Benedict has restored the primary form of singing, the Gregorian
chant, for Mass and solemn Vespers in St.Peter's basilica. Ann Coulter Feels the Love Annthrax Coulter can dish it out but she can’t take it. The conservative bloviator is nationally recognized for dishing out psychotic attacks againt Democrats but recently, Coulter has been unnerved by invective she received at her Palm Beach home. So much so that she got the county property appraiser to remove her name from public records identifying where she lives. Before anyone decides she’s worthy of empathy, let’s review. Coulter, 45, has called Democratic presidential candidate John Edwards a ”faggot” and said she wished he would be killed by terrorists. She once said President Clinton ”could be a lunatic” and described a group of widows of men killed in the World Trade Center as “witches and harpies” and said she had “never seen people enjoying their husbands’ deaths so much.” So it come as no surprise when: • In March, somebody delivered a greeting card to her home in
March with this salutation: “You self-aggrandizing sociopath! The
only thing left after a nuclear war are you and cockroaches.” Her house is one of 2,674 properties in Palm Beach County whose owners are confidential in property appraiser records. Homeowners must complete an affidavit stating why they should be exempt from the state’s public records law. While Annthrax Coulter professes to be a Christian, there’s one Bible adage she obviously failed to learn: “You reap what you sow.” - Galatians 6:7-9 DUI Stop
Got this in the email today and had to share.
Trent Lott to resign his seat ...
There are quite a few news
outlets that are reporting
Trent Lott will resign his
seat today. Politico and Think
Progress
are two that have stated it
so far via emails I rec'd
from both of them. From the
ThinkProgress writeup:
Sen. Trent Lott (R-MS) is reportedly informing close allies that he plans to resign his Senate seat before the end of the year. NBC reports, "It's possible a formal announcement of his plans could take place as early as today." Politico adds, "If he resigns, Lott would become the sixth Republican senator to announce they were stepping down this election cycle." Lott's term expires in 2012, therefore a resignation would trigger a special election for a replacement to serve the remainder of his term. UPDATE IV: "While the exact reason Lott is stepping down before he finishes his term is unknown, the general speculation is that a quick departure immunizes Lott against tougher restrictions in a new lobbying law that takes effect at the end of the year. That law would require Senators to wait two-years before entering the lucrative world of lobbying Congress." Its all about the money isn't it? Getting a high-paying job for one of the huge corporations he has already worked for..you know..instead of the people that voted for him? Greed..what a concept! GOP
Enlists Rich Candidates At this point, strategists for the National Republican Congressional Committee have enlisted wealthy candidates to run in at least a dozen competitive Congressional districts nationwide, particularly those where Democrats are finishing their first term and are thus considered most vulnerable. They say more are on the way. These wealthy Republicans have each already invested $100,000 to $1 million of their own money to finance their campaigns, according to campaign finance disclosure reports and interviews with party strategists. Experts say that is a large amount for this early in the cycle... Inserted from <NY Times> It's a sad state of affairs in GOPerville when the super-r4ich actually have to represent themselves instead of paying some lackey to do it. Our
Nuts Are Bigger!!
In a bold,
diplomatic move
to ensure that
Israel remains
the dominant
nookuleer power
in the middle
east, US
Demands Israelis
Stop Eating
Iranian Muslim
Pistachios. This is just nuts. Chickenhawks
Drooling Over
War With Iran
Here
is another
sheltered
keyboard
potato
who's
willing to
fight Iran
to the
last drop
of
somebody
else’s
blood.
Where do
these
pitiful
douchebags
keep
coming
from and
why do
they keep
multiplying? Joshua Muravchik is a member of the American Enterprise Institute and has been affiliated with the Project For a New American Century (PNAC). He has also “been associated with a string of hawkish pressure groups supporting George W. Bush’s interventionist policies in the Middle East” according to this article. In other words, here is somebody who's led a gritty hardscrabble life and would have a deep empathy with the hardships suffered by our soldiers and veterans. And you can tell he's very sensitive to the grief and despair suffered by the Iranian victims of our bombing. Asshole. He says “ He also boasts that airstrikes against Iran “would not require a ‘declaration of war,’ an antiquated concept that has not been employed since World War II.” Ah yes, another one of those antiquated concepts, along with the Constitution and the Geneva Convention. Cont |